Jennison Associates Portfolio holdings
Jennison Associates, founded in 1969 and headquartered in New York City, is a global investment management firm managing over $194 billion in assets as of late 2024, specializing in active equity and fixed-income strategies. A subsidiary of PGIM, the asset management arm of Prudential Financial, Jennison serves a diverse client base—including institutions, sub-advisory clients, public plans, endowments, and corporations—with a focus on fundamental research, bottom-up portfolio construction, and high-conviction investing. Known for its equity expertise across styles, geographies, and market capitalizations, as well as investment-grade fixed-income offerings, the firm employs seasoned portfolio managers averaging 29 years of industry experience and 16 years with Jennison. With additional offices in Boston and a culture emphasizing intellectual rigor and long-term client outcomes, Jennison has built a reputation for excellence and stability in the investment management industry.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Broadcom
AVGO
|
+$893M |
| 2 |
Intuitive Surgical
ISRG
|
+$888M |
| 3 |
Microsoft
MSFT
|
+$811M |
| 4 |
SLB Ltd
SLB
|
+$692M |
| 5 |
UnitedHealth
UNH
|
+$609M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$1.77B |
| 2 |
Shopify
SHOP
|
+$1.5B |
| 3 |
XYZ
Block Inc
XYZ
|
+$1.21B |
| 4 |
Sea Limited
SE
|
+$1.15B |
| 5 |
PayPal
PYPL
|
+$863M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.48% |
| 2 | Consumer Discretionary | 25.37% |
| 3 | Communication Services | 11.39% |
| 4 | Healthcare | 11.27% |
| 5 | Financials | 7.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Williams Companies
WMB
$86.1B
| $134M | 0.1% |
4,012,650
+400,850
| +11% | +$12.2M |
|
|
MRSH
102
Marsh
MRSH
$92B
| $129M | 0.1% |
759,611
+75,702
| +11% | +$11.9M |
|
103
Lowe's Companies
LOW
$119B
| $129M | 0.1% |
639,834
-13,629
| -2% | -$3.13M |
|
104
Zoetis
ZTS
$32.3B
| $118M | 0.09% |
626,664
+576,217
| +1,142% | +$114M |
|
105
General Motors
GM
$79.3B
| $115M | 0.08% |
2,627,311
-11,139
| -0.4% | -$556K |
|
106
MongoDB
MDB
$28.8B
| $113M | 0.08% |
+255,631
| New | +$99.9M |
|
107
DTE Energy
DTE
$29.5B
| $113M | 0.08% |
856,469
| – | – |
|
108
NXP Semiconductors
NXPI
$56.5B
| $111M | 0.08% |
597,257
+60,295
| +11% | +$11.9M |
|
109
Cisco
CSCO
$457B
| $110M | 0.08% |
1,973,895
+20,748
| +1% | +$1.17M |
|
110
Mondelez International
MDLZ
$78.8B
| $109M | 0.08% |
1,741,558
-261,282
| -13% | -$17M |
|
111
Essential Utilities
WTRG
$11B
| $109M | 0.08% |
2,134,841
-143,005
| -6% | -$6.9M |
|
112
Lam Research
LRCX
$369B
| $109M | 0.08% |
2,026,390
-249,050
| -11% | -$14.5M |
|
113
McDonald's
MCD
$188B
| $108M | 0.08% |
438,486
-47,571
| -10% | -$11.9M |
|
114
Molina Healthcare
MOH
$10.2B
| $108M | 0.08% |
323,538
-40,956
| -11% | -$12.6M |
|
115
Labcorp
LH
$24.9B
| $108M | 0.08% |
474,715
-95,605
| -17% | -$22.5M |
|
116
Capital One
COF
$134B
| $107M | 0.08% |
816,808
-139,576
| -15% | -$20.4M |
|
117
Blackstone
BX
$108B
| $107M | 0.08% |
844,071
-149,872
| -15% | -$18.3M |
|
118
NiSource
NI
$21.3B
| $102M | 0.08% |
3,210,234
+428,479
| +15% | +$12.4M |
|
119
Otis Worldwide
OTIS
$27.5B
| $102M | 0.08% |
1,326,307
+193,691
| +17% | +$15.5M |
|
|
HES
120
DELISTED
Hess
HES
| $101M | 0.07% |
946,990
+307,688
| +48% | +$29.2M |
|
121
American Electric Power
AEP
$69.9B
| $101M | 0.07% |
+1,007,320
| New | +$92M |
|
122
Xcel Energy
XEL
$48.5B
| $100M | 0.07% |
1,385,620
+1,683
| +0.1% | +$116K |
|
123
Evergy
EVRG
$19.2B
| $99.5M | 0.07% |
1,456,078
| – | – |
|
124
Alliant Energy
LNT
$18.4B
| $99.3M | 0.07% |
1,588,579
+797
| +0.1% | +$47.4K |
|
125
AXIS Capital
AXS
$7.72B
| $96.4M | 0.07% |
1,594,517
+213,907
| +15% | +$11.9M |
|
Similar funds
Jennison Associates's Q1 2022 Portfolio in Review
As of Q1 2022, Jennison Associates held 735 positions worth $136B, down 14% from $158B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Jennison Associates's Q1 2022 filing shows 82 new, 294 increased, 233 reduced and 110 closed positions. Its largest new stake was Icon: 623,898 shares worth $152M. The largest sale was NVIDIA, an estimated $1.77B.
By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 36% a quarter earlier, followed by Consumer Discretionary and Communication Services.
- Jennison Associates's largest Q1 2022 buy was Icon: 623,898 shares worth $152M.
- Jennison Associates added most to Broadcom in Q1 2022, an estimated $893M increase.
- Jennison Associates's biggest Q1 2022 reduction was NVIDIA, cutting an estimated $1.77B.
- Jennison Associates fully exited Fluence Energy in Q1 2022, selling an estimated $62.9M.
- Jennison Associates's ten largest holdings make up 42% of its $136B portfolio in Q1 2022.
- Jennison Associates opened 82 new positions and closed 110 in Q1 2022.
- Jennison Associates's portfolio value fell 14% quarter-over-quarter to $136B.
Based on Jennison Associates's 13F filing for Q1 2022, filed 11 May 2022.